Sustainability due diligence and ESG risk management

 

 

 

In today’s rapidly evolving landscape, businesses are under increasing pressure to integrate ESG principles into their core operations. Environmental, Social, and Governance (ESG) factors are critical drivers of long-term value creation and risk mitigation in support of responsible business conduct at own operations and in relation to direct and indirect business partners across the globe. For business (and investors), ensuring due diligence policies, processes and capacities in line with voluntary guidelines (OECD, UNGP, ILO) as well as (EU) legislation is key - but operationalizing in practice remains challenging for many.

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Navigating the complexities of ESG is essential for future-proofing businesses, and demands continuous focus and coordination, as well as leadership commitment. Poor risk and impact management can lead to reputational, legal, and operational risks, negatively impacting bottom line, workforce, profits, and supply chain.

 

 At Hyacint Consult, we prepare businesses to meet the evolving expectations around responsible business conduct and ESG principles. We empower our clients to confidently embrace ESG principles by embedding risk management and due diligence into their core operations. We help businesses and investors build robust systems, fostering resilience and creating a positive impact on their operations, stakeholders, and communities.
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Key Activities

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At Hyacint Consult, we bring experience and a strong track record in delivering ESG solutions, and have a strong experience in supporting over-all functioning of sustainability due diligence policies, systems and processes, as well as coordination and people skills. Some of the key themes where we excel include:

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• Sustainability risk and impact assessment: identifying and assessing key environment, social and human rights and governance risks from business activities at operations and in the value chain.

• ESG Strategy Development: Crafting comprehensive strategies aligned with your organization's goals and global sustainability standards.

• Investor Due Diligence: Guide pre-investment screening as part of due diligence for a range of private funds and public financing facilities and programs.

• Operationalizing a Sustainable Supply Chains program: Enhancing transparency and resilience within supply chains to promote ethical sourcing and reduce environmental impacts.

  • Conduct light maturity scan and/or gap assessment on sustainability due diligence and ESG risk management performance (incl CSDDD preparedness, standards allignment maturity)

  • Set-up traceability and chain of custody systems to support raw materials' origin claims 

  • Conduct supply chain mapping on raw materials' sourced​

  • Develop and enhance functioning of risk identification through supplier engagement, grievance mechanism and/or stakeholder engagement

  • Guide responsible sourcing standard alignment (LBMA Gold/Silver, RMI, RMAP, CopperMark and related standards)

  • Develop and implement in-house training and/or skills development, or supplier trainings (e-learnings or on-site)

  • Conduct on-site ESG risk and impact assessment, including community / stakeholders impact assessment as per interest

  • Risk mitigation and corrective action planning, including with Government, NGO's and supply chain actors

  • Stakeholder engagement; mapping types and interests of stakeholders to stakeholder engagement strategy and implementation

  • ESG risk and impact data management (environment, social, governance indicators)

• Sustainabilty (due diligence) reporting: Guide data collection, content framing and development of due diligence report, in line with (EU) legislative requirements and required indicators. Focus on due diligence and sustainable supply chains related reporting for in-house and/or external purposes (and in line with CSRD/ESRS, CSDDD, Battery Regulation, Conflict Minerals / US Dodd Frank reporting guidelines)

• Risk Assessment and Mitigation: Evaluating suppliers, geographies, and industries for ESG risks, and creating actionable mitigation plans.

• Stakeholder engagement: Supporting broad range of stakeholder engagement activities, including receiving and responding to stakeholder requests on responsible supply chains and trade related matters, to deal with public buyers, NGO's and media in a pro-active and inclusive manner. Organize and facilitate stakeholder dialogues, in support of public advocacy, pre-investment trust-building or on-going relations with communities, investors, legislators and/or rightholders.

• Corporate Governance: Strengthening governance frameworks to ensure accountability and ethical decision-making.

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Relevant Projects

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